On the back of a strengthening crypto market, one Ethereum (ETH) hard fork project and two low-cap altcoins are taking off in the past week.
One of the biggest standouts of the week is ICHI, the native token for the stablecoin development project of the same name.
The 225th-ranked crypto asset by market cap is trading at $61.52 at time of writing, up more than 114% from where it was priced seven days ago.
Another surging project is Biswap (BSW), a decentralized exchange powered by the Binance Smart Chain network that uses an automated market maker system to fulfill orders.
The 332nd-ranked crypto asset by market cap is trading at $0.63 at time of writing and is up nearly 70% in the past week. Binance officially listed BSW in its “Innovation Zone” this week, spurring the asset’s rally.
Meanwhile, Ethereum Classic (ETC) is trading at $48.34 at time of writing, up more than 68% over the last seven days.
The project was created after The DAO, a decentralized autonomous organization built on the Ethereum blockchain, was hacked. The Ethereum we know today was hard-forked and modified to essentially undo and reverse the hack.
Ethereum Classic, which is now the 28th-largest crypto asset by market cap, was backed by those who believed in preserving the blockchain’s original history over returning funds to investors.
Ethereum Classic developers have been publicly welcoming miners they say are “disenfranchised” by Ethereum’s upcoming shift to a proof-of-stake consensus mechanism.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Ormalternative/monkographic/Sensvector
